Guideline Value for GREEN SCAPE

Green Scape guideline value

The current guideline value of Green Scape, located in Noombal village under the Kunrathur SRO, is Rs 4,290 per sq.ft, effective from 1 July 2024. This area falls under the Commercial Class I Type - I land classification.

How the guideline value of Green Scape has changed

The guideline value for Green Scape has seen significant revisions over the years. The 2017 revision set the value at Rs 2,613 per sq.ft, which increased to Rs 3,900 per sq.ft in 2023. The latest revision in 2024 has raised this figure to Rs 4,290 per sq.ft, reflecting a 10% increase from the previous year. Notably, from 2017 to 2024, the overall increase in the guideline value is 64%.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. The changes between the revisions indicate a 49% increase from 2017 to 2023, showcasing a consistent rise in the guideline value over the years.

Guideline values in Noombal

Noombal village features a diverse range of guideline values, with 164 streets under the Kunrathur SRO carrying a 2024 figure between Rs 1,100 and Rs 6,500 per sq.ft. The median value for these streets is Rs 2,090 per sq.ft, placing Green Scape's 2024 figure above this median.

• Harihand Amara: Rs 2,090 per sq.ft (2024)
• India Cement Colony: Rs 2,860 per sq.ft (2024)
• India Cement Paniyalar Kudiyiruppu: Rs 2,860 per sq.ft (2024)
• Jai Nagar: Rs 1,760 per sq.ft (2024)
• Jayalakshmi Nagar: Rs 1,760 per sq.ft (2024)
• Jay Nagar: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Green Scape

For a 1,000 sq.ft plot at the current guideline value of Rs 4,290 per sq.ft, the total guideline value amounts to Rs 42,90,000. The stamp duty at 7% would be Rs 3,00,300, and the registration fee at 2% would be Rs 85,800, bringing the total cost to Rs 3,86,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Green Scape?

The Sub Registrar Office that covers Green Scape is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Noombal

The guideline value is a crucial factor in property transactions in Noombal, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the guideline value, as it influences the overall costs associated with property transactions, ensuring compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Green Scape?

The current guideline value of Green Scape is Rs 4,290 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,613 per sq.ft in 2017 to Rs 4,290 per sq.ft in 2024, reflecting a 64% rise over this period.

What is the median guideline value in Noombal?

The median guideline value in Noombal is Rs 2,090 per sq.ft, with Green Scape's value being above this median.

What are the stamp duty and registration fees for a property in Green Scape?

For a property valued at Rs 42,90,000, the stamp duty would be Rs 3,00,300 and the registration fee would be Rs 85,800, totaling Rs 3,86,100.

Which office handles property registrations for Green Scape?

The Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069, is responsible for property registrations in Green Scape.